Adani Power Sees 7.5% Gain Over Two Trading Sessions

Shares of Adani Power rose over 2% on Tuesday, extending their recent gains, as the stock continued to rally on the back of a major order win and improving demand outlook. The Adani Group stock climbed to ₹157.50, marking its highest level in three months.

Order Win Boosts Outlook

Adani Power secured a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply of 1,600 MW of electricity from one of its upcoming ultra-supercritical thermal power projects. The supply will be under a proposed 25-year Power Supply Agreement (PSA), with operations expected to commence from FY31. The first-year quoted tariff stands at ₹5.30 per kWh, as per the company's regulatory filing dated March 15.

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Capacity Secured Under Long-Term Contracts

Following this order, Adani Power has tied up long-term PSAs for 13.3 GW out of its total under-implementation pipeline of 23.8 GW, indicating steady progress toward securing nearly its entire capacity under long-term contracts. More than 95% of the company's existing operating capacity of 18.15 GW is already tied up under medium- to long-term PSAs. Additionally, over 55% of its upcoming 23.8 GW capacity is secured under 25-year agreements.

Stock Performance

Adani Power shares have delivered robust returns across timeframes. The stock has risen 7.5% in the past one month and gained 23% over six months. On a one-year basis, the stock is up 52%, while it has surged an impressive 789% over the past five years, giving multibagger returns. Despite the recent rally, the stock is still about 14% below its 52-week high of ₹182.75, touched in September 2025.

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